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a partnership, but jon karl is in washington, and the speaker fired off a letter just before we came on the air tonight.t. >> reporter: that's right. the speaker and the president were on the veshlg of a histori deal that would have cult spending by $3.5 trillion, dealt with the debt crisis and raised the debt ceiling. now, the speaker fired off this letter, saying the deal, the talks are over. he says it has become evident that the white house is simply not serious about ending the spending binge. in the end, the speaker writes, we could not connect. i'm told this broke down over a disagreement over how much to raise tax revenues. >> and jon, the president said he was going to fire back, too, here's what the president just said, we'll get your reaction here. >> we have run out of time and they are going to have to explain to me how it is that we are going to avoid default. and they can come up with any plans that they want and bring them up here and we will work on them. the only bottom line that i have is that we have to extend this debt ceiling through the next election. >> jon, you can almo
karl is in washington and has more on all this. good morning, jon. >> reporter: good morning, robin. there is no presidential candidate with more momentum right now than michele bachmann. ♪ my home in -- >> reporter: no republican presidential candidate has taken a harder line on the debt ceiling showdown than michele bachmann. >> we were all shocked and appalled that president obama dangled out in front of the cameras that senior citizens may not get their checks. that's a very dangerous statement to make. we don't believe -- excuse me. excuse me. we don't believe that for a moment. >> reporter: tough talk from bachmann is nothing new but she now speaks with new-found authority as a top tier contender for the republican presidential nomination. a new national poll puts bachmann firmly in second place as the leading challenger to front-runner mitt romney. and in key first caucus state iowa, three separate polls over the past week put bachmann in first place. >> republican primary voters are looking for somebody who has -- brings some excitement, who brings something different to t
taking on the astros. pujols, doubling down the right field line. jon jay, the founding father, he comes on home, cardinals out in front, 3-1. carlos lee, el caballo, he can hit, that's gone to left. astro, they go on to get the "w," 5-3 the final count. i'm c ochole wright, for the la on the sports scene check out the highlight express. >>> a grandma cheering them on from the sidelines, she's not related to any of them this. is susie sanchez, the newest member of the team's cheerleading squad. >> sanchez is 37, a mother of three and grandmother of one, pretty good-looking grandmother and it's been her lifelong dream to make the squad. finally this one, she made it. >> congratulations, i like to see that. age is a state of mind. >>> the stories we'll be following later including late night drama on capitol hill. will republicans bring their debt legislation to a vote today? stay with us. mine was earned over the south pacific in 1943. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of
down its debt. abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3 million. senator jack reed was one of the co-sponsors of the bill that directed the mint to make the coins. us
Search Results 0 to 3 of about 4

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